Back to School: Simple Ways to Stay Smart with Student Car Loans

Paying your student loan is an obligation that should be handled with care. But things happen and missed payments can happen. Before you are stuck with a mountain of nasty fees and late payments, here are some tips on how to stay smart with your car loan.

• Know how much you owe and pay on time

If you are aware of the amount that you owe, it is much easier to pay it off. With this, you do not have to guess how much you have to pay and you can budget your money wisely. You can also use this information to plan for future expenses. On the other hand, paying on time will give you a good credit standing and improve your financial future.

• Coordinate with your loan adviser and understand your loan contract

If there is one person you should talk to, it is your loan adviser. Not only do they understand your loan top to bottom, but also they are also a great resource and advocate for your needs throughout the entire process. Provide them updates if you are having an issue paying your loan so that they can help you find a solution instead of leaving you to suffer on your own. You should also understand the terms of your contract to avoid any misunderstandings and confusion.

• Take advantage of the car refinancing program for students

No matter what your loan status is, there is always an auto refinance for student that is available to help with your loan. Ask the experts how they can help you. Call us!

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*Illustrations depict hypothetical loan scenarios only. Actual APR, term, payment, total interest, and any savings may vary and are subject to lender approval. Full disclosure of actual loan APR, term, payment, and total interest, and any fees are provided for review prior to consummation of any loan. Not all products, services, and/or loans available in all states. Please inquire for details.